Derivatives (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Non-designated Hedges Outstanding [Table Text Block]

At December 31, 2016, the following non-designated hedges were outstanding:

Term	Commodity	Contracted Volume	Weighted Average  Fixed Price for Swaps	Contracted Market
Jan’17 – Mar’17	Natural gas – swap	70,000 MMBtu/day	$3.044	IF – NYMEX (HH)
Apr'17 – Dec'17	Natural gas – swap	60,000 MMBtu/day	$2.960	IF – NYMEX (HH)
Jan’18 – Dec'18	Natural gas – swap	10,000 MMBtu/day	$3.025	IF – NYMEX (HH)
Jan’17 – Dec'17	Natural gas – basis swap (1)	20,000 MMBtu/day	$(0.215)	IF – NYMEX (HH)
Jan’18 – Dec'18	Natural gas – basis swap (1)	10,000 MMBtu/day	$(0.208)	IF – NYMEX (HH)
Jan'17 – Oct'17	Natural gas – collar	20,000 MMBtu/day	$2.88 - $3.10	IF – NYMEX (HH)
Jan’17 – Dec'17	Natural gas – three-way collar	15,000 MMBtu/day	$2.50 - $2.00 - $3.32	IF – NYMEX (HH)
Jan'18 – Mar'18	Natural gas – three-way collar	10,000 MMBtu/day	$3.25 - $2.50 - $4.43	IF – NYMEX (HH)
Jan’17 – Dec'17	Crude oil – three-way collar	3,750 Bbl/day	$49.79 - $39.58 - $60.98	WTI – NYMEX

_________________________

(1) After December 31, 2016, the basis swaps for February through October 2017 and April through October 2018 were liquidated for $0.6 million and $0.5 million, respectively.

Schedule Of Subsequent Non-designated Hedges [Table Text Block]

After December 31, 2016, the following non-designated hedges were entered into:

Term	Commodity	Contracted Volume	Weighted Average  Fixed Price for Swaps	Contracted Market
Apr’17 – Oct'17	Natural gas – swap	10,000 MMBtu/day	$3.505	IF – NYMEX (HH)
Nov’17 – Dec'17	Natural gas – three-way collar	10,000 MMBtu/day	$3.50 - $2.75 - $4.00	IF – NYMEX (HH)
Jan'18 – Mar'18	Natural gas – three-way collar	40,000 MMBtu/day	$3.38 - $2.69 - $4.17	IF – NYMEX (HH)
Apr’18 – Dec'18	Natural gas – three-way collar	10,000 MMBtu/day	$3.00 - $2.50 - $3.66	IF – NYMEX (HH)

Fair Value Of Derivative Instruments And Locations In Balance Sheets [Table Text Block]

The following tables present the fair values and locations of the derivative transactions recorded in our Consolidated Balance Sheets at December 31:

		Derivative Assets Fair Value
	Balance Sheet Location	2016		2015
		(In thousands)
Commodity derivatives:
Current	Current derivative assets	$	—	$	10,186
Long-term	Non-current derivative assets	377		968
Total derivative assets		$	377	$	11,154

		Derivative Liabilities Fair Value
	Balance Sheet Location	2016		2015
		(In thousands)
Commodity derivatives:
Current	Current derivative liabilities	$	21,564	$	—
Long-term	Non-current derivative liabilities	415		285
Total derivative liabilities		$	21,979	$	285

Effect Of Derivative Instruments Recognized In Statement Of Operations, Not Designated As Hedging Instruments [Table Text Block]

Effect of derivative instruments on the Consolidated Statements of Operations for the year ended December 31:

Derivatives Instruments	Location of Gain or (Loss) Recognized in Income on Derivative	Amount of Gain or (Loss) Recognized in Income on  Derivative
		2016			2015
		(In thousands)
Commodity derivatives	Gain (loss) on derivatives (1)	$	(22,813	)	$	26,345
Total		$	(22,813	)	$	26,345

_________________________

(1) Amount settled during the period is a gain of $9,658 and a gain of $46,615, respectively.